The Riksbank transfers SEK 2.3 billion to the Treasury

The General Council of the Riksbank has, in accordance with the Sveriges Riksbank Act, submitted a proposal to the Riksdag (the Swedish parliament) regarding the allocation of the Riksbank's profits for the financial year 2017. The General Council proposes that SEK 2.3 billion be transferred to the Treasury.

The amount of the proposal has been calculated in accordance with the guidelines applied for the transfer of the Riksbank's profit since 1988. According to these guidelines, 80 per cent of the average profit over the last five years – following certain adjustments – is transferred to the Treasury. The profit is calculated excluding exchange rate and gold value effects, but including the price effects reported in the revaluation account on the balance sheet.

A detailed account of the calculation of the profit allocation is presented in the General Council's submission to the Riksdag 2017/18:RB2 The General Council of the Riksbank’s proposal for the allocation of profit 2017 etc.

Susanne Eberstein, Chairman of the Riksbank's General Council, tel. +46-(0)70 252 6690, Michael Lundholm, Vice Chairman of the Riksbank's General Council, tel. +46-(0)70 533 4555

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The Riksbank is Sweden's central bank and an authority under the Riksdag, the Swedish parliament. The Riksbank is responsible for monetary policy with the objective to maintain price stability. The bank has also been given the task to promote a safe and efficient payment system.